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obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching the wrong direction come the first of this year, americans will have less income than they have today. if we go over the cliff, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences where they are around the country and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. if we go over the cliff, we'll be left with the knowledge that could have been about a single vote. mr. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have c
john boehner tried to move his own independent plan to raise taxes on income levels over a million dollars and he wasn't able to do that successfully. and i think it was a big sign about the difficulties he'll have even wrangling the majority of his caucus and so i think in order to get something done, anything done, to make sure that taxes don't increase on middle class americans, to make sure that the spending cuts don't start immediately, a lot of lawmakers are leary of them despite they voted for them two summers ago, they hope to set the infrastructure in place. >> well and good. but intimating here, meredith, who's going to be part of the wrangling? who's the wrangler? last time at least from what it looks like, anyone who talked about this deal, that was on friday when that happened. the president then met with harry reid and talked to john boehner by phone and we have heard harry reid is working on legislation, perhaps mitch mcconnell's involved in this, as well. so when we look at this, david, who's pulling the strings now? who will sit down and make the deal happen? >> th
ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can't cut our way to prosperity. we need economic growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends, that you know, take the
the details tonight. >> reporter: house speaker john boehner back in washington immediately heading to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain
. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions in what is threatening to strike you right in the wallet. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable f
return from tight to work on the deadlock in d.c. tomorrow. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions over the cliff, will the unions in what is threatening to strike lead paint poisoning aects one million children today. if you're pregnant or have young children and your home was built before 1978, you could be at risk. learn how to protect your family. to find your home's danger zones, the health effects, or just to find help, log on to leadfreekids.org. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done
'm not one of the people who jump all over john boehner. i thought he was making a good- faith offer. it was flatly rejected. part of this is about revenue. a huge part is budget cuts and reductions. this is something erskine bowles has been emphasizing. you have to make substantial cuts. host: the headlines in the papers this morning talk about the fiscal cliff negotiations and should the speaker retain his leadership. do you think he should? guest: i do not know. this has hurt him, for sure. you could argue there are more compelling person. host: like who? guest: the guy that used to work for me, paul ryan, is a very well spoken young man. there are other people. tim scott, congressman from south carolina. but there are others. i was saying on my radio show we have a strong bench. the bench is now in the field. those guys are out there. bobby jindal and scott walker susana martinez. new kind of republicans. they understand the modern world a little better. there are lots of candidates. who the speaker is matters less than the party getting back to its core message. host: return to
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
an hour. afterwards president obama said he was modestly optimistic. by passing house speaker john boehner who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell, to lay out a deal. >> if we don't see an agreement between the two leaders and the senate, i expect a bill to go on the floor. and i have asked senator reid to do this. put a bill on the floor that makes sure that taxes on middle class families don't go up. that unemployment insurance is still available for two million people. and that lays the ground work for deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. >> as for the leaders they sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would take an extended period of time as you know, waiting for us. >> i share the view of the majority leader. we had a g
faced over past three decades politically. gregg: what of john boehner though? steve latourette, who said, the same 50 or 60 chuckle heads who always screw things up, speaking of the tea party group. >> yeah. gregg: he said it is not really the speaker's fault. is it the speaker's fault? >> well, look, i think boehner was, he is in a bad spot. there are no good outcomes here for republicans. there have been no good policy outcomes for republicans. i watched the steven latourette comment, one of the things that struck me, these are the guys, 50 or 60 chuckle heads came here and screwed things up. the presumption congress was working just fine before they arrived. i would argue that it is nice we have people in congress who are actually serious about looking at the long term consequences of our overspending over these past couple of decades. that is where the real problem is. he can say they're stubborn and not willing to compromise and all things he said repeatedly as he made those criticisms but the reality is they're actually trying to solve the long-term problem. he may not like th
something smaller in the wake of speaker john boehner's failure on so-called plan b last week. they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. >> reporter: so, sing some carols today. probably will be some eggnog. here in hawaii, maybe back in ohio where john boehner is likely celebrating the holidays as well but they have got to seriously get back to work over the next couple days and top white house officials say we can expect t
to do something to keep the oce going? >> well, let's see, the republican house speaker john boehner, the democratic minority leader, nancy pelosi, have to nominate new board members and approve one another's selections. both have said they're going to do it, but so far, there's been little movement on either side, randi. >> and when does the reauthorization of the board members need to get done? >> the terms of the outgoing board members expire on december 31st. for the oce to keep going, people need to be in place by the end of the year, which means congress needs to get going in the current lame-duck session. >> so in terms of how this works, though, the oce refers its investigations to the house ethics committee, right? some critics say the oce is an unnecessary duplicate body, really. are they right? >> that's exactly right. oce is an outside nonpartisan group that investigates ethics allegations and reports those findings to the ethics committee, usually recommending either to look into the matter further or just drop the case. the reasons nancy pelosi pushed for it and the hou
war in a weekend. >> dave: he can get it done but there is still john boehner and the house republicans. i'm not modestly optimistic. anything through the house at this point. >> juliet: like lindsey gram said two days ago when you call a meeting publicly in washington it usually turns out to be the dog and pony show or theater basically. honestly calling at this late hour. they met for an hour. what could really go down in that type of meeting? things can go down but really, it's just at the edge. they waited so long. they all went on their vacations. >> clayton: here are some things on the table to answer those questions perhaps. generalities. we don't know what's been tabled. democrats still strong about this. they say they were, yeah, here is -- take a look at this. keeping tax cuts for those making $250,000 a year or less. we know that's there. that may shift because we are hearing from republicans they may be willing to go as high as $500,000 a year. of the extended. >> dave: that's my guess. >> extending unemployment tax benefits for 2 million folks still unemployed.
for congress' performance are different from that which the republicans use. as speaker john boehner has said over and over, the second pass a record low number of those pixel of the congress that were not imposing regulations and not increasing taxes. that's way one of looking on it. the way most people look at it attested to by record low popularity approval rating is that this is a congress that has been defined by dysfunction of the law, a congress in which has never been writer than none and where compromise is really seem to be a foreign-policy, a policy foreign to the roast great deliberative body. >> to think of people who ran in 2010 and got elected with the people who ran before it ended now ascended to of leadership leave no with a solution or they were elected to not do things as opposed to do things? >> again, from the class of 2010 and now i refer to the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them wish to do, which is rollback obama initiatives to cut spending. a lot of them thought the
a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all they were told is lawmakers will get 48 hours' notice if and when they need to come back to session. the talks first stall over the preferred option of plan "a." moving from the income level of $250,000 to $400,000. the focus shifted to plan "b," boehner fallback and would have raised tax on those making $1 million but failed when could not get republican votes. >> all eyes turn to the senate that could be key to a deal on plan "c." scaled-back bill that the president says will focus on unemployment benefits and reverting to the 250,000 level on taxes. >> i asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans. lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the presiden
of the reason, just like i don't believe john boehner actually does the house speaker. there is this group in the middle, first of all they are not sure where the political blame would lie. it could end up on them and they want want to have that happen. second of all these are deal mayors. they came to washington to get deals done. and they see the result, the goal as a deal to get past this rather than looking at the numbers. the folks on each side eve are looking at the numbers and they say the deficit would be in better shape and the economy in the long run is in better shape. they are looking long term. the deal makers in the center are looking right now and say they are scared of the political consequences and we are not quite sure how the numbers end up, the last thing we need is a rescission. >> reporter: steve vin dinin in washington. thank you. >> reporter: new information on a horrified christmas eve tragedy as a note left by this ex-con suggests that he planned to kill first responders and possibly some of his own neighbors when he set this massive inferno, it happened on monday
speaker john boehner would allow a vote on this plan on the house floor, knowing that so many house republicans oppose o. jim. t nancy cordes with the president in hawaii. thank you. farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all
for the jefes. >> glor: john blackstone, thank rou. john mentioned the fiscal cliff. tinight we've learned democrats emocraw moving ahead on their hei plan to avoid it now that talks have broken down with john boehner. white house and congressional leaders have until january 1 to lork out a budget deal. resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you men
to head back to washington from hawaii tonight. today, house speaker john boehner said it's up to the senate to pass legislation to avoid the steep cuts and tax hikes that are set to take effect january 2nd. some observers say it looks likely the u.s. will go over that cliff allowing lawmakers then to vote to lower taxes after they first go up. >> to make them look better? to appease voters? is that the reason? great. . >> meanwhile, another showdown is looming. the government will hit its federal debt limit on new year's eve and could default unless congress passes legislation to permit more borrowing. >>> the passage of proposition 30 gave governor brown the extra money he wanted for california schools. now he's working on a proposal to differencevy up the funds. eats work -- divvy up the funds. >> he wants to return more accountability, authority and decision-making down to local school districts because teachers, administrators and parents have a better sense of what their local priority are than people here in sacramento do. >> the governor's proposal will be included in h
speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could dip back into recession. now, lawmakers are also headed back to d.c. in fact, the senate is back in session tomorrow. savannah? >> short holiday. lot of work to do. kristen welker in honolulu. thank you. willie? >>> former president george h.w. bush spent his christmas in a hospital after a series of setbacks delayed his release. janet shamli
and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it
john boehner commenting just in the little while on any possibility, any chances of reaching a deal on capitol hill. stay close. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. [ male announcer ] polident. nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all living united. to ensure the academic success of millions of kids in our communities. all the way to graduation day. but
deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i might add. are they to the extent the grand bargain was several months ago last
with boehner and help bail him out. one question about john boehner and eric cantor and the rest them, if leaders can't count, what can they do. how they went ahead with plan b knowing they didn't have the votes, i mean, that is sort of 101 in politics. >> make them reject one more time. make boehner and the republicans reject one more time. >> there's no real partner here. here's the broader question and it includes the gun debate. what are the president's priorities going to be after the first of the year? congressman, you heard wayne lapierre. does he reflect your views about how to approach any kind of remedy after a massacre like newtown, which is we should talk about everybody but guns? >> my wife and i, we have three kids. if there's something that we can do that will make sure that this never ever, ever, ever happens again, of course i'll support it, but i also -- >> come on, there's no standard likes that. that's why you try things. that's what public policy is about. >> i'm a concealed permit carrier, i have a glock 23, i have a shotgun. there are millions just like me. we'r
not see the republican -- john boehner is working with the president to do anything. they do not do anything. they have -- they do not work with the president. i am wondering, why does he not work for the american people that they elected to do the american people business, not their business. host: thank you for calling. a live picture of the u.s. capitol. 7:23 in washington. some heavy rain and perhaps some snow. a. when terry mix are expecting in town. we mention that because the president is heading back into town. the senate and white house -- the senate and house are due back tomorrow. this is an politico. there is another piece of this morning that says the house member elect is also interested in the peak in the seat -- adapter the seat. springfield, va., lewis, an independent. caller: good morning. you could consider me a little bit pessimistic. i am actually looking at it as realistically as possible. i have a degree in macroeconomics. i believe that they all should be -- we should institute term limits on all of them. maybe a six-year term limit. they're all thinking of r
house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is going to happen? >> reporter: well, we're not really sure. in fact, house republican leaders are having a conference call, i'm told, as we speak, to figure out that very question. they told their members that they would have 48 hours notice before they reconvene the house and so at the earliest, that would be on friday. but, you know, the action really is now going to begin in the senate. there isn't that much of a rush for the house to come back. and when i say action, even that is a question mark. whether there will be action. i was talking to a democratic source who said right now what they had to figure out, victor, is whether or not harry reid wo
boehner. >> john boehner is a washington lifer and was not the obvious choice to be leading this sort of tea party crafts. nonetheless you can see the tea party phenomenon for the trade -- freight train that it was an elected to be on the train rather than underneath it. speaker boehner campaigned heavily for a number of the tea party freshman andy also you know believe that this presented the republicans and indeed america with a great opportunity. his belief for example was that this would be a perfect run for entitlement reform. if you are are going after entitlement reform ideally you have the bipartisanship specifically at democratic president so they could not walk away from it. and so, he believed that he could leverage the deep conservatism of the tea party. but he has failed to do so and the tea party freshman with whom i have spent a great deal of time and i have spent time with an awful lot of them, liked him personally and found him admirable in the way is a genial ceo but certainly not as there are real leader. that has been implicitly clear throughout the 112 congress. e
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
to d.c., carol, you'll recall when talks fell apart last week between house speaker john boehner and the president as the president departed for hawaii he talked to reporters in the briefing room and he said "see you next week" so i think we had a sense he would be coming back earlier than initially planned and it was just a matter of when, not if, and he'll be heading back tonight, that's local time so he'll be traveling overnight, it's quite a long flight, nine or ten hours and he'll be back in d.c. by thursday late morning. >> any behind the scene talks over the holiday? >> reporter: right now the white house has been in communication with senate democrats but i've checked in with my sources even this morning, republican sources and they're still not in touch with senate democrats or the white house, so that's pretty key. i guess you can understand it right now the white house and senate democrats are trying to cobble something together as they work towards putting forth a proposal. ultimately it needs republican support in the senate and the house. those discussions have to t
who sent us here. >> speaker of the house, john boehner, is expected to come back to washington at any time as well. before he went back to ohio and president obama went to hawaii, they were believed to be about $400 billion apart in spending cuts and tax increases. speaker boehner even had to withdraw the so-called plan b measure in the house that would raise taxes on millionaires, but keep them low for everyone else because there just wasn't enough gop support in the house. but even after all that, the speaker says this weekend he thought lawmakers could still steer us away from the fiscal cliff. >> of course, hope springs eternal. and i know we have it in us to come together and do the right thing. we'll continue to work with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've
, at that time under the leadership of our present speaker, john boehner, helped us the toolsusties thees to improve the situation. the disturbing part is the red category at the bottom, which indicates roughly 25% of plans are in some significant financial distress. this distressed flows from a variety of causes. typically, because the employers, the trucking companies, supermarket owners, construction contractors, are in very difficult segments of our economy. talk to any electrical contractor, air conditioning contractor, trucking company, they will tell you they have had very difficult times over the last 56 years. that manifest itself in less money coming into the business, fewer workers paying into the fund. the second problem we can all see in our own 401k account or thrift account in the case of federal employees -- as market values have tumbled, so has our retirement account. the investments in many of these funds have not kept pace with the needs of employees. the third is a sort of demographic tidal wave that i have to take some responsibility for. i was born in 1957, so i am p
of optimism. the president talked about being optimistic. john boehner talked about being optimistic, but he also said only god knows what's going to happen now. here is -- when the president gets in today, the senate will not get in until late tonight. what kind of work are they possibly going to do? >> clayton: right. >> kelly: in terms of doing the people's business. >> clayton: i read a report that says there is not enough time to get it done, to review it -- to get it all ironed out, there is physically not enough time for these guys to get back and hammer it out. >> juliet: you think about this is such a huge deal for our country! all right. so we're going to move to another disaster. lot of people's travel plans brought to a screeching halt because you've got wind, snow, rain. microphone sun here with all the -- mike tobin is here with alt wonderful news. you're in chicago. >> anyway, looks like you're still getting it around new york city and upstate new york, central pennsylvania, get comfortable because the national weather service says you may be looking at as much as two feet of
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